Cryptocurrency Q&A Are NFTs worthless now?

Are NFTs worthless now?

MysticStar MysticStar Tue Jul 23 2024 | 7 answers 1710
Has the value of Non-Fungible Tokens (NFTs) dwindled to the point of being considered worthless in today's market? With the recent fluctuations in the crypto space, there's been much speculation about the long-term sustainability of NFTs. Are investors beginning to lose faith in this digital asset class? Are collectors no longer willing to pay premium prices for unique digital artworks? And are creators finding it harder to monetize their work through NFTs? Given the current market sentiment, is it reasonable to assume that NFTs have lost their luster and are no longer a viable investment or source of revenue? Are NFTs worthless now?

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